Friday, February 27, 2015

27 February 2015

This is a very short month and with Chinese New Year falling in the middle of it, my priority is definitely not on stock market, though I still read the business news to keep myself informed what was going on.

"Grexit" is still in the news very often. China's slowdown has somewhat affected the Asian investors' sentiment. So it seems that only US is doing well, with the fed chief indicated that she may not raise the interest rate so soon and too drastically. Local corporate earning results are a mixture, with some companies doing well and some don't. Most of the companies are still profitable but their margins are squeezed. So for those companies in my portfolio which have announced dividend, quite a few have reduced the dividend declared.

STI closed today (27 Feb) at 3402.86, up 11.66 points or 0.34% from last month. Noble Group's negative surprise today and other reasons helped to wipe out most of the gain this month. My portfolio value increased only 0.17% this month (net of new funds invested), not as good as STI.

I sold away all my Pac Andes shares this month. I bought some Aztech shares. I also received shares from Cambridge Tr, First Reit, Frasers Comm Tr and Mapletree Log Tr. from scrip dividend scheme. Net fund invested was S$2,512.82. Total passive income received in February was S$9,655.60. I also accepted Popular's conditional cash offer.

Below are the top 30 holdings as at 27 February 2015. Besides some swopping of positions, there is not much change in the list. The SG market has been quite dull with low volume.

1. ComfortDelGro
2. SPH
3. OCBC Bank
4. DBS
5. Ausnet Services
6. Metro
7. Starhub
8. Sembcorp Ind
9. ST Engineering
10. Frasers Comm Tr
11. SGX
12. CapitaLand
13. OUE
14. CitySpring Trust
15. CapitaComm Tr
16. United Engineers
17. AIMSAMP Cap Reit
18. Nikko AM STI ETF 100
19. Mapletree Log Tr
20 Ascendas Reit
21. YZJ Shipbldg SGD
22. SIA
23. SingTel
24. Sing Inv & Fin
25. Global Inv
26. SATS
27. Lippo Malls Tr
28. Sembcorp Marine
29. Frasers Cpt Tr
30. SingShipping


MJ said...

Hi,what do you think of Fraser Comm Tr at its current value?

Sanye ◎ 三页 said...

Hi MJ,

I am not a stock analyst. So this is just my personal opinion:

The current price of Fraser Comm Tr is still slightly below the NAV. At this price the yield is about 6.5% which I think is not bad. Gearing at 37% is not too high (but also not low). Having said that I am a little cautious on Reits due to pending US interest rate hike.

I have this stock for very long time, keeping it for regular income. I still take part in their scrip dividend scheme.